business news in context, analysis with attitude

• The National Retail Federation (NRF) is predicting that the close to 194 million people planning to watch the Super Bowl this year "expect to spend an average $88.65 on food and beverages, merchandise and party supplies, for a total $17.2 billion nationwide.

• In the UK, the Times and Star reports that Morrisons plans to eliminate some 3,000 management jobs even as it plans to hire as many as 4,000 new store employees.

David Lepley, Morrisons group retail director, tells the paper that "this proposal means more frontline colleagues improving product availability and helping customers."

The story notes that there have been layoffs at a number of the UK's retail grocery companies, including Sainsbury and Walmart-owned Asda Group, as retailers do price-and-margin battle with German discounters Aldi and Lidl.
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